Financial Services Committee survey of CEO salaries.

[JohnWxy]

BArney Frank isn't making friends in the Grand Old Lobbyist's party with this kind of work!


http://financialservices.house.gov/ExecCompProblems.html#_ftn3


In 1991, the average large-company CEO received approximately 140 times the pay of an average worker; in 2003, the ratio was about 500:1.<4> The amounts have risen so far so fast, that they can no longer be explained by traditional valuations. Even when adjusting for other variables (e.g., company size, performance, industry classification, inflation), studies find executive compensation is far higher today than in the early 1990s.<5>


Executive Compensation Is a Significant Cost to Shareholders and the Economy


While these numbers are themselves concerning, they also reflect real costs to shareholders and the economy. In 1993, the aggregate compensation paid to the top five executives of U.S. public companies represented 4.8% of company profits; by 2003 the ratio had more than doubled to 10.3%. <6> and the total amount paid to these executives during this period is roughly $290 billion<7> (that is ten times the 2005 discretionary budget for the Department of Homeland Security).

[ayeshahaqqiqa]

1. Fix the ratio by statute

When everybody benefits, everybody benefits.

[redqueen]

2. K&R